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Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Thomson Reuters Stock Report

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Charter Hall Retail REIT announces sale of German assets

Monday, 11 Aug 2014 08:00pm EDT 

Charter Hall Retail REIT:Says that it has entered into an unconditional contract for the sale of its remaining two German assets for a gross sale price of 80.8 million euros, representing the value of the German property level debt facility.Says the sale completes the REIT’s sell down of its European portfolio.The purchaser will assume all debt liabilities associated with the portfolio.Says tThis will reduce the REIT’s balance sheet gearing by 4 pct. to about 33 pct.Says the sale will have no impact on the REIT’s operating earnings or net tangible assets. 

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28 Jul 2016